The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1887-01-11
EUROPEAN MONEY MARTS.
THE FEELING In LONDON, PARIS
BERLIN AND FRANKFORT.
Some Remarkable VariatiOns-Lon-
don easy, Paris irregular, BerIiD,
steady and Frankfort weak.

LONDON, January 9.-Discount was
easy during the past week at 33@23.
On the Stock Exchange business was
unsettled, with a tendency to weak
ness, dealers being disappointed in
their expectation that the new year
would be signalized by renewed
activity. Business was checked by
extensive liquidations of old accounts
hanging over from the last settlements
and by snow storms again delaying
dispatches; also, by the partial fail
ure Of a Sheffield iron firm having a
speculative account for a rise, largely
in American railway securities,
amounting nominally to 6 2,250,00O,
who being unable 10 meet the differ
ences, surrendered the whole stock to
brokers. American railroad securities
at the opening of the week were firm,
but they became fiat, and closed
yesterday at the weakest rates of the
week. There were singularly few
large dealings on English accounts.
Good amounts were taken on New
York, thus assisting in relieving the
market. A recovery Of prices is ex-
pected after the settlement, beginning
on Tuesday. The variations in the
prices of American railway securities,
as compared with last week, include
the following:
hcreasss.-Norfolk and Western
preferred, 3; Cincinnati and Wash
ington seconds, 2; Denver and Rio
| Grande, Louisville and Nashville aud
| Pittsburg and Conceivable, II each;
| Cincinnati and Washington thirds,
Northern Tactic mortgages and Allie
gheny Valley, l each; Lake Shore,
New York, Ontario and Western and
Ohio and Mississippi, II each; lii
nois Central, }; Reading, B.
Decreases. Wabash mortgage and
preferred, 2 each; Wabash ordinary,
/; New York, Pennsylvania and Ohio
first mortgage, !; New York, Penney:
vania and Ohio seconds, J; st. Paul
common, II; New York Central, \;
Pennsylvania, 3. Canadians were
buoyant and closed steady; Grand
Trunk second preference, 2 higher;
Grand Trunk guaranteed, ! higher
Canadian Pacific, II lower. Mexican
was firm; first CLOSED 4 higher
Gables were depressed; Angles fell Ii,
Angles deferred l aud Direct !.
FRANCE.
PARIS, January 9.-Prioes on the
Bourse during the week were irregular
and the market yesterday closed in a
DEPRESSED condition under the IN
fuence' of adverse rumors from Berlin,
Three per cent. rentes declined sc, and
Italian rentes 15c. Credit ioncier closed
20f lower on the week; Suez Cana
15f lower, and Panama Canal ii
lower.
GERMANY.
BERLIN, January 9.-Pricea On the
Bourse were steady and a fair amount
of business was done during the week
but toward the close yesterday the
market became dull under the in
huence OF selling orders on Viennf
account. Prussian fours closed a
lO6J 20, Deutsche Bank at 1865, Austrian
gold rentes at 1925, Hungarian golt
rentes at $40, Austrian credit at 484
long exchange on London at 20 244
short exchange on London at 20.394
FRANKFORT, January 9.-Pr!c's or
the Bourse yesterday closed weak
Hungarian, Italian and Austrian Sc
curities were 3 per cent. lower, aut
Russian per cent. higher. Austrian
gold rente closed at 92.10; Austrian
silver rente at So; Hungarian golf
rente at $500; Austrian credit at 234
United States funded Tours at l25.4O
short exchange on London at 20.3O.